Impact Loan Fund Inc

Analysis

Impact Loan Fund Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Impact Loan Fund Inc reported income of $892k and spending of $834k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $892k (-42%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 140%. Over the whole period it spent 35% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Impact Loan Fund Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Spare Key ($892k), We Want Green Too ($892k) and Emancipation Economic Development Council ($892k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $8.6m against liabilities of $3.5m, net assets of $5.1m.